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Fuel shortage to ease

16 January 2012, 19:21

Nairobi - Normal fuel supplies are expected to normalise in Nairobi and its environs by Monday evening, the Energy Regulatory Commission (ERC) said.

In a statement to the media the Director General ERC, Kaburu Mwirichia attributed the retail sites fuel shortage experienced earlier Monday to an unforeseen demand spike over the weekend occasioned by the announcement of the new oil products pricing schedule.

Mwirichia went on to add that, "Investigations by ERC confirm that the fuel shortage is not in any way attributable to market manipulation by oil marketers as earlier alleged in sections of the media. All leading oil marketers have today proceeded to lift respective products for onward delivery to their outlets today. After carrying out our investigations, we can conclude that the situation was occasioned by the reductions in pump prices and not market manipulation."

On Monday, ERC management toured a number of fuel depots to assess the situation and has been assured of normal service deliveries.
ERC on Saturday announced new pump prices for January 15th to February 14th 2012.

The maximum allowed price of Super Petrol in Nairobi decreased by Kshs 7.11 per liter, that of Diesel decreases by Kshs 3.08 per liter while that of Kerosene decreased by Kshs 3.63 per litre.

ERC will further continue to monitor the sector to ensure implementation and the observance of the principles of fair competition.

ERC is charged with regulating the fuel prices in accordance with Legal Notice No.196, The Energy (Petroleum Pricing) Regulations, 2010.

- News24Kenya

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